Do you have an old vehicle that’s been sitting in your driveway for too long? Are you tired of it taking up space and just being a general eyesore? Is it time for you to finally consider selling it?
If so, then you’re in the right place. In this article, we’ll answer the burning question, “How much is a junk car worth?” We’ll explain how you can value your vehicle as well as how you can junk your car for quick cash ASAP.
How Much is a Junk Car Worth?
Calculating the value of a junk car is not a straightforward process. Research shows that you can expect to receive 20-40% of the KBB value of the car from a junkyard, but that’s a big range.
It’s important for you to know the factors that could affect the value of your car. That way, you’ll know the answer to the question, “how much should I ask for on junk car?”
The first thing to understand is how junkyards operate. A junkyard will do one of two things with your vehicle. It will either crush it into scrap metal to be reused, or it will set it up in the junkyard and allow folks to come and buy parts off of it.
The second option is a lot more valuable to the junkyard owner since they can make more money off of individual parts. Thus, if you have a car that is in relatively good condition with a lot of good parts on it and good mechanical internals, then you could expect to receive a relative premium from the junkyard.
On the other hand, let’s say that your car hasn’t run in a while. All of the fluids leak, the interior is in terrible shape, and you haven’t the slightest idea what components are wrong with it. In this scenario, you can expect a junkyard to give it a quick, low appraisal.
There’s not a high likelihood that they’re going to make a lot of money off it, so they’ll most likely scrap it and thus need a low cost to justify the purchase.
How Do You Junk a Car?
If you’re satisfied with these junk car prices and are ready to start the process of getting cash for junk cars, the first thing to do is to look for a junkyard close to your area. Call them and then let them know the make, model, year, and condition of your vehicle.
They may be able to give you a quote right then or they may have someone come out and look at the car to appraise it. As a general rule, you’ll be able to have them tow it off your property for you if the car doesn’t start.
Get Quick Cash Today
There you have it. Now that you know the answer to the question of how much is a junk car worth, you’re ready to junk your car for quick cash today.
For more general advice, check out the rest of the website!